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to the arguments from both sides. >> president obama reportedly said that america does not have a spending problem. well, of course we know that's not accurate. >> that is the senate's top republican referring to the president's assertion that the u.s. does not have a spending problem during a private discussion on the $16 trillion federal debt crisis as quoted by house speaker in a recent "wall street journal" op-ed. other democrats in including louisiana democratic senator mary landreau have eagerly embraced the presidential sentiment belling to oppose discretionary spending cuts arguing that the debt crisis hasn't been linked role had been over higher by pundits on fox news. >> and not going to keep cutting the discretionary budget which, by the way, is not out of control despite what you hear on fox news. >> senate majority leader mary reed telegraphed his party stalling push for more tax hikes on the wealthy and intensifying opposition to additional discretionary spending discipline. >> the american people still believe by an overwhelming margin that the rich should contribute to this. they b
night. ♪ lou: >> a very good evening. i'm lori rothman. the obama -- obama economy heading a stumbling block, suffering its first decline since the end of the recession. the government cutting spending and u.s. businesses trying down inventories in the fourth quarter causing the economy to contract for the first time in more than three years. u.s. gross domestic product falling a rate of a tenth of a percent, that is the worst performance since the second quarter of 2009. this is growing at a 3% clip in the third quarter of last year. the federal reserve today saying that growth has stalled, but telling the public temporary, pledging to continue with the easy money policy into the outlook for employment improved substantially, the news coming as somewhat of late surprised as economists predicted. the economy hit with super storm sandy in late october causing extensive damage along the east coast, seen as a major factor. economists see the same growth in excess of 3 percent will be needed to significantly lower unemployment and get at least some of the 23 million unemployed americans ba
time. i rather like it. let's build on it. can it pass the house? or will president obama step all over it in his speech tomorrow? now, get ready, folks, a pro-growth budget cutting across the board sequester spending cut is coming in nine days. don't listen to the big government spenders. we need budget cuts to grow the economy, shrink government and create confidence that we are not greece. and, oh, heck, my friend steve kroft lobbed a bunch of softballs at president obama and hillary clinton in his "60 minutes" interview last night. and you know what, folks, we still do not know what happened on that tragic, awful night in benghazi when four people were killed. the administration spun two separate stories, we still don't know the narrative. all that, the "kudlow report" starts right now. >>> first up tonight, it could prove to be the most significant immigration reform in years. bipartisan group of four democratic and four republican senators unveiling their blueprint this afternoon for border security, guest worker cards, more foreign brainiacs and employer verification, maybe even
of the start of his second term, president obama announced that he would spend this term at least in part on an issue commonly believed to be among the heaviest lifts in all of american politics. he said he would do something about gun violence. now the president can create certain changes by himself with his executive authority. he can make changes, not laws. he cannot change laws, but he can change things that the administration is responsible for itself. for big changes, though, for real reform, the president needs congress to pass new laws, and that's where the real political heavy lifting comes in. to do that political heavy lifting, the white house announced a new political strategy, or at least a new political tactic to try to get this done. the 2012 obama/biden reelection campaign would morph itself into an advocacy group, a powerful democratic grassroots activism machine. the old campaign would transfer to this new group its vast database of information about obama supporters, about voters. and then the new group would mobilize supporters to mobilize the president's agenda now, t
of proportion. tonight, both sides from the chief political correspondent carl cameron. >> president obama reportedly said that america doesn't have a spending problem. we know that is not accurate. >> that is the senate's top republican referring to the president's assertion the u.s. does not have a spending problem on the federal debt crisis quoted by house speaker boehner at recent "wall street journal" op-ed. otherring eagerly embrace the sentment and vowed to oppose the discretionary spending cuts, arguing that the debt crisis if spending's role are overhyped on fox news. >> i am not going to keep cutting the discretionary budget which by the way is not out of control. despite what you hear on fox news. >> he said limited if any entitlement reform and intensifying opposition to additional discretionary spending discipline. >> the american people still believe by overwhelming margin that the rich should contribute to this. they believe discretionary spending has been hit hard already. >> for the record, the government accountability office issued a report saying the structural imbalanc
obama blaming republicans for the fiscal cliff and the sequester spending cuts. but you know what? the private economy did well up 3.4%. it was the government economy that fell. i would like to see us finishing the spending cuts of the government. shrink the government more. grow the private economy by 5%. that is my vision. now there is more bad news for new jersey senator bob menendez as the fbi raids the offices of one of his close financial backers. will it present key evidence in the alleged prostitution scandal surrounding the senator. it's all unconfirmed but the potential legal fallout is huge. >>> israel takes no chances. the air force launches two air strikes in syria preventing the assad regime from transporting chemicals and weapons of mass destruction to hezbollah. if the red line is crossed israel will attack again. we cover it all. "the kudlow report" begins now. first up we learned today the fourth quarter gdp fell slightly, much to everybody's surprise. so the white house is blaming republicans for the fiscal tax cliff and the spending sequester which i think is h
ultimately unless they get severe spending cuts and the obama administration is not going to give it to them. and you are going to watch the u.s. do crazy, crazy things this year. >> if you are right on those crazy, crazy things, then the rest of us are in for a dreadful, dread full time? >> dreadful. it is going to be so strange for the richest country on earth to cross their arms and say i'm not paying. imagine crossing your arms. you are going to see it this year. >> reporter: now, we have been asking our guests here for the riskometer. on this side we have is the u.s. a bigger threat to global growth in 2013. on this side the e.u. lutnic thinks the u.s. is by far the bigger. as you look overall most people still seem to believe europe is the biggest threat in 2013. by the way, speet tweet me wher think the biggest threat is. >> very official looking. did you make that yourself? >> don't you mock it? it works and it is doing a good job. >> we will have people tweet you and see what they feel about all of this but a lot of power players weighing in on whether or not there is greater risk h
put forward. >> mr. obama issued a number of executive orders. >> bret: consumer spending slowed in desplat pite holiday season. income surged by 2.6%. the dow is down for second day in a row, falling 50 points. the s&p 500 dropped four. the nasdaq was off a fraction. senate signed off on pushing the debt limit deadline to may. senators prove the house bill that also includes provision some insiders are calling a bad idea whose time has come. chief political correspondent tells us more. >> they approved the house back no, budget no, pay bill with the current debt ceiling of $64 trillion in mid-may when it is estimated to be $50 million more. the house and senate have to pass budget by mid-april or member paychecks will be held. >> the united states could default on the obligation every few months. not an ideal way to run a government. a short-term solution is better than another imminent manufacturered crisis. >> house republicans passed budget in the obama era and created the salary threat so senate democrats who have not do so this year. >> republicans tried to pass amendments
in tax increases with obama care. new tax increases at the beginning of this month. and now they are calling for even more tax increases, and they are not calling to cut spending. they are calling for spending increases. so basically what they're saying is, they want americans to pay more so washington can spend more. that's not going to help the economy, and that is not going to close the gap and balance the budget. the reason we want to balance the budget is not to make the numbers add up. we think that's necessary for growth and opportunity. we think it's necessary to make sure that our kids don't get this debt that they won't be able to handle if we keep going down the path we are on. >> but there are certainly those in the white house who would take issue with what you said or might even say to use your own criticism that's a straw man argume argument. they were prepared to cut additional spending to be part of a bigger agreement that republicans weren't able to agree to. there is more room for spending cuts. it's a matter of how you do it. >> the president was insistin
been trying to do all i could on behalf of the obama administration and our country. i want to catch up on sleep movies, watch a lot of home- improvement television, takes a long walks, spend time with my family and my friends. >> hillary clinton, the u.s. secretary of state on her last days in office. that brings to days -- broadcast to a close. you can watch bbc on it our 24 hour news channel. if you like to reach me, you can find me on twitter. for all of us, thank you so much for watching. >> make sense of international news at bbc.com/news. >> funding of this presentation is made possible by the freeman foundation of new york stowe vermont, and honolulu, newman's own foundation and union bank. >> at union bank our relationship managers work hard to understand the industry you operate in, working to nurture new ventures and help provide capital for key, strategic decisions. we offer expertise and tailored solutions in a wide range of industries. what can we do for you? >> "bbc world news" was presented by kcet, los angeles. guess what, neighbour? today we're going to visit... mr.
't really spend on campaigning in those areas. last fall you cannot turn on the tv in virginia without seeing ads. especially when the -- especially when the obama ads were better than the romney ads. it was weird when you go to visit people in new york or los angeles. they are not actually experiencing the campaign. if you went to a congressional district, then you would go fight in california, because republicans could win 20 out the hobbi54. i'm normally reluctant to tamper with these long standing institutions and practices, but there might be case in this instance for at least. thinking least. host: your comments on speaker boehner, a first one to go to danny joining us on the democratic line. good morning. caller: hello. you put harry reid on the cover. if you look up the words chicken hawk and neocon, there's a picture of bill kristol. the only people who were surprised that president obama won the election were fox news viewers. host: thanks for the call. guest: i was not surprised. i thought romney had a chance, and he was all a little short at the end. if the viewer does not
. they tried in 2011 to use the debt limit as a leverage point of force obama to swallow big spending cuts. it worked, but it was terribly damaging, but the the nation's economy and to their political capital. congressional plummeted to something like 9 percent. and they recognize that this was a bad idea. gambling with the faith and credit of the united states it turns out as a pretty bad idea. we were downgraded for the first time in the nation's history. they did not want to do that again. like us said, they did not want to vote for a bigger national debt either. that does not fit with their philosophy, so they came up with this strategy of saying, okay, we will suspend it. in the meantime, we really want the senate to pass a budget for 2014, and the law also says that if either chamber fails to adopt the budget by april 15th, their paychecks will be docked. so the whole idea of this thing is to a postpone this sort of economy prattling default situation until they can prosecute this continuing fight over taxes to a point where the budget is satisfied in the debt limit can be raised aga
delay the ex-penned showdown between democrats and republicans over spending cuts. the house passed a bill last week. >>> president obama says he will sign it if it passes in the senate. >>> we are still following a developing story out of alabama. a-year-old boy is being held hostage and is now going on three days. here is what we know. 63-year-old man boarded a school bus tuesday after fatally shooting the bus driver. he grabbed the 5-year-old sxwoy pled the scene. police tracked the man down but says he has been holding the child hostage for more than 30 hours. neighbors of the man describe him as a loner and survivalist who distrust it is government. you can count on news4 for updates it is a story continues to unfold. >>> metro says it may need to review its procedures with d.c. fire after a chaotic evening commute. an insulator started smoking on the green line and the emergency responder cut the wrong electricity source. that left two trains stopped for hours between the anacostia and navy yard stations. some people got off and tried to walk. eventually the trains made it to
, newt gingrich is here. at least president obama and senator landrieu put the straw man up there, apparently, fox news is their straw man. >> they're very different arguments. mary landrieu's argument, with all due respect is nuts. the idea that discretionary spending's not too high, the idea that this government's not too big, the idea that the deficit isn't too large, this is not a fox news problem, this is a wash politician problem. i think they can try to find somebody tolls blame all they want to. she has to go back home and explain why she's failing to do her job. by the way, in the senate, which is not passed a budget for 3 years. >> you know what i don't understand is both the president calling out fox and senator landrieu calling out fox. and fox has the most viewers and it's the number-1 cable news, it's fully universed in a 300-million-plus country. but we have three or four million viewers a night at a given time. why -- why are they so terrified that they keep bringing up fox news? what is so -- what is the impact on them? >> i think that they are so used to having a
in 10 years is a complete contrast with what president obama is talking about. before we get into all the political labels and the specifics, it's clear the president plans to keep spending and borrowing and putting more debt on our children. so america has a perfect contrast between the directions that they want to go. we know -- >> but we just had an election, senator with two different directions, and america chose. that's what paul ryan said last year. the country will choose what happens in 2013. and they did. so are we past the point of two different visions in choosing? >> i don't think the country has chosen that. in fact, we see almost in the majority of states now where a conservative, bold visionary governors are implementing the ideas that work. and that's what conservatism really is. whether it's cutting taxes or freedom in the workplace or education choice, what we want to do is what we need to do for the american people is show them the successes and which ideas work. we can show where president obama's ideas go. we can look in history, at countries that failed. at euro
this spring between democrats and republicans on spending cuts. the house already passed that bill, and president obama has said he will sign it. the treasury warns the government could default on some of its loans as early as next month if this legislation does not pass. >>> also today, chuck hagel will tell a senate committee why he should be the next defense secretary. the senate armed services committee will hold hagel's confirmation hearing. the former republican senator and vietnam war veteran will likely face tough questions, especially about his stands on israel and iran. he prepared by meeting fraprivay with public interest groups. >>> president obama hopes for some form of immigration reform within six months. in an interviewer with telemundo, he says the plan has to include a path to citizenship for 11 million illegal immigrants already in the country, and it's time for congress to act. >> we've been working on this for a long time. we know what the issues are. i've got a bill drafted. we've got language. we know what's needed when it comes to border securitiment we know
-- rather, showdown between democrats and republicans over spending cuts. the house passed the bill last week. president obama said he will sign it if it passes in the senate. >>> chuck hagel will face some tough questions today in his bid to become defense secretary. the senate armed services committee will hold his confirmation hearing. he's a former republican senator but may have a hard time winning support from the senate's gop members. six republicans have already said they will oppose his nomination. they have questions about comments he made about israel and iran. if confirmed, hagel would be the first vietnam vet to lead the pentagon. >>> president obama says he hopes for some form of immigration within six months. in an interview with telemundo, he says the plan must include a path to citizenship for 11 million illegal immigrants already in the country. and he says it's time for congress to act. >> we've been working on this for a long time. we know what the issues are. i've got a bill drafted. we've got language. we know what's needed when it comes to border security. we know
. madam president, the american people are asking when are we going to turn to the spending side of the equation. president obama talked all through the campaign of balance. well, we've had the tax increases. now we're having the debt increases. when are we going to have any new spending cuts? this would at least start in a modest way reasonable spending cuts. thank you, madam president. the presiding officer: would the senator call up his motion. mr. vitter: yes, madam president. i call up the motion to commit. the presiding officer: the clerk will report. the clerk: the senator from louisiana, mr. vitter, moves to commit the bill, h.r. 325, to the -- mr. vitter: madam president, i ask to waive reading of the whole. the presiding officer: without objection. mr. baucus: madam president? the presiding officer: the senator from montana. mr. baucus: madam president, we've -- we've essentially already voted on this. this is very similar to the portman amendment which lost by a vote of 54-44. this approach was rejected by the house of representatives when the speaker sent over his deb
to speak about taxes, debt and spending. it's time for president obama to show leadership, real leadership, on the biggest threat that america faces to our future prosperity. as my good friend, the republican leader, has said, if we don't get a handle on spending and debt, not much else matters. it has now been 1,371 days, almost four years, since democrats who control the united states senate have brought a budget to the floor and had a vote on and passed the budget. over that time our national debt has grown by more than $5.2 trillion. our credit rating has been downgraded because of fears that we may not be able to pay our debt back when it is ultimately due. and we have experienced the highest -- excuse me -- the longest period of high unemployment since the great depression. since the end of the official recession in 2009, americans' household median income has fallen by roughly $2,500, while the cost of employer-provided family health insurance has increased by more than $2,300, roughly a comparable amount. not only has income fallen by $2,500; costs have gone up thanks to obamacare
income, and spending is obvious because a surreal driver of our deficits and our debt. spending is the reason that we're up against the $16.2 trillion debt limit. spending was the reason that congress and president obama raised the debt ceiling by $2.1 trillion just a year and a half ago. now, in 2006, the junior senator from illinois, senator obama, came to the floor, made a very passionate and thoughtful statement here on the senate floor in opposition to raising the debt limit. many of the reasons that he gave then are relevant today. in fact, they are even more appropriate because the national debt is much, much higher. and we have a fiscal mess. it's instructive for my colleagues to hear the words straight from then-senator obama. he delivered these remarks on march 16, 2006. at that time the senate was debating raising the debt limit by $781 billion to a new limit then that seems very small today, about half what it is today, raising the limit of 2006 to $8.9 trillion. so i thought it would be worth for the president's benefit as well as our benefit to go over what then-se
us. apparently president obama and landrieu, fox man is the straw man? >> it's very different arguments. mary's argument with all due respect to senator, is nuts. the idea that discretionary spending is not too high? the idea that this government is not too big? the idea isn't too large? this is not a fox news problem. this is a washington politician problem. i think they can try to find somebody else to blame all they want to. she has to go back home and explain why she is failing as a senator to do her job. in the senate when has no, sir passed a budget for three years. >> greta: i don't understand, both the president calling out fox and senator landrieu calling out fox even though it's fully in a 300 million plus country. we have three or four million viewers a night at a given time. why are they so terrified. they keep bringing up fox news. >> i think they are so used to having an elite media which protects them. it drives them crazy to have somebody who stands up and tries to explore the facts. i think they also believe they have a chance to browbeat fox and sort of shove
there. and the story is basically this, folks. it's in the journal, which is that part of obama care allows caps on precipitation drug spending, and some unions, apparently, are just realizing this. and they're pushing back on the administration to make sure they don't have these caps, because they're saying, that's going to drive up our medical costs, our health care costs, more than we thought, which means, we're going to be less competitive in the marketplace. so according to the journal, the unions are pushing back on the obama administration about this cap. and they're asking for federal subsidies on top of their work insurance. >> all right. and let's talk about facebook now. they've just had a brutal year. but some pretty good news in the fourth quarter. >> hey, the stock is up 70%, 7-0, since september, joe. mobile ad revenue is up. that's what everyone wants to see. 70% the stock is up since september. mobile ad revenue up 23%, which is accelerating. look around the table, okay. mika with her iphone, iphone -- >> soon to be samsung. >> barnicle, you've got an abacus, i've go
house says president obama will not veto it. the debt ceiling is the limit on how much the feds can borrow. republican leaders were refusing to raise it without an equal amount of spending cuts. but the bill they just passed has a new ultimatum for the house and the senate. no budget, no pay. carl cameron in the d.c. newsroom tonight. how is this supposed to break the gridlock? >> hey, shep. it's basically a two-part deal. the first says by april 15th, both the house and the senate each have to pass a budget that balances in 10 years. should either chamber fail then its members paychecks can't be delayed. they can't stop it constitutionally they have to get paid. the other part suspends enforcement of the federal debt limit until may 19th, at which point it will increase retroactively without any offset in spending cuts. here is how speaker john boehner summed it up today. >> you know, the premise here is pretty simple. it says that there should be no long-term increase in the debt limit until there is a long-term plan to deal with the fiscal crisis that faces our country. >> and no
covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. >> the obama administration likes to say they're doing everything they can to keep spending down. right? >> we're consolidating programs that are duplicative. how can we eliminate additional waste? >> we also wanted to protect against any and all cases of waste, fraud and abuse. >>brian: a new study indicates that despite their intentions, big government is still wasting millions and possibly billions of dollars in duplicate funding for research. stuart varney is here. the economy is not growing. we expected something different because the jobs numbers look pretty good. >>steve: our economy at the moment is contracting, and that's -- look, a whole bunch of excuses as to why this is happening. years ago it was the tsunami. that's what's hurting. then it was the wicked europeans. then it was those wicked republicans. now of course it's president bush all over again. or sanding or lower defense spending. there's always an excuse. the fact is we've spent an enormous amount of money -- trillions of dollars -- building up o
to hear before you in this new role as president obama's nominee for secretary of state, but my approach to this role, if confirmed, is also deeply informed by the 28-plus years i have been privileged to spend in the senate. that perspective will remain with me if confirm adas secretary, and i'm already excited about the many ways we can work together and in which we must work together in order to advance america's security interests in a complicated and ever more dangerous world. i would add that i'm particularly aware that in many ways, the greatest challenge to america's foreign policy will be in your hands, not mine. because while it's often said that we can't be strong at home if we're not strong in the world, in these days of fiscal crisis and as a recovering member of the supercommittee, i am especially cognizant of the fact we can't be strong in the world unless we're strong at home. and the first priority of business which will affect my credibility as a diplomat and our credibility as a nation, as we work to help other countries create order, the first priority will be that ame
Search Results 0 to 49 of about 65 (some duplicates have been removed)